Masco Co. (NYSE:MAS) Shares Acquired by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lifted its position in Masco Co. (NYSE:MAS - Free Report) by 75.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,377 shares of the construction company's stock after acquiring an additional 16,071 shares during the period. Cornercap Investment Counsel Inc.'s holdings in Masco were worth $2,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Masco during the fourth quarter worth $122,144,000. Intech Investment Management LLC purchased a new stake in Masco in the fourth quarter valued at $975,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Masco by 14.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company's stock valued at $42,245,000 after purchasing an additional 67,806 shares during the period. Quantbot Technologies LP purchased a new stake in Masco in the first quarter valued at $1,903,000. Finally, Manning & Napier Advisors LLC purchased a new stake in Masco in the second quarter valued at $82,363,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on MAS. Royal Bank of Canada lifted their target price on Masco from $78.00 to $79.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. Citigroup cut their price objective on Masco from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, July 11th. Barclays boosted their price objective on Masco from $79.00 to $88.00 and gave the company an "overweight" rating in a report on Friday, July 26th. BMO Capital Markets boosted their price objective on Masco from $75.00 to $78.00 and gave the company a "market perform" rating in a report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price objective on Masco from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $77.58.

Masco Stock Up 1.2 %

Shares of NYSE:MAS traded up $0.91 on Thursday, hitting $78.92. 1,425,786 shares of the company's stock were exchanged, compared to its average volume of 1,892,031. The company has a market capitalization of $17.22 billion, a PE ratio of 19.12, a P/E/G ratio of 2.42 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. Masco Co. has a 1-year low of $47.66 and a 1-year high of $81.91. The firm's 50-day moving average is $74.69 and its 200 day moving average is $72.86.

Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business's revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 EPS. Sell-side analysts predict that Masco Co. will post 4.11 EPS for the current year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were given a $0.29 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.47%. Masco's dividend payout ratio (DPR) is presently 28.43%.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.